Hangzhou Shunwang Technology Co (SZSE:300113) Inventory Turnover : 33.28 (As of Mar. 2024)

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What is Hangzhou Shunwang Technology Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Hangzhou Shunwang Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥241 Mil. Hangzhou Shunwang Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥7 Mil. Hangzhou Shunwang Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 33.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hangzhou Shunwang Technology Co's Days Inventory for the three months ended in Mar. 2024 was 2.74.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Hangzhou Shunwang Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Hangzhou Shunwang Technology Co Inventory Turnover Historical Data

The historical data trend for Hangzhou Shunwang Technology Co's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hangzhou Shunwang Technology Co Inventory Turnover Chart

Hangzhou Shunwang Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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19.72

17.25

43.60

87.39

151.00

Hangzhou Shunwang Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															35.86	28.25	32.16	31.78	33.28

Hangzhou Shunwang Technology Co Inventory Turnover Calculation

Hangzhou Shunwang Technology Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	727.97	/ (	(5.445	+	4.197)	/	2 )
=	727.97	/	4.821
=	151.00

Hangzhou Shunwang Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	241.18	/ (	(4.197	+	10.295)	/	2 )
=	241.18	/	7.246
=	33.28

Hangzhou Shunwang Technology Co (SZSE:300113) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Hangzhou Shunwang Technology Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	7.246	/	241.18	*	365 / 4
	=	2.74

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Hangzhou Shunwang Technology Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	7.246	/	412.126
	=	0.02

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Hangzhou Shunwang Technology Co Inventory Turnover Related Terms

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Hangzhou Shunwang Technology Co (SZSE:300113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Hangzhou Shunwang Technology Co Ltd (SZSE:300113) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 75, Wenyi West Road, Building 3, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

http://www.shunwang.com

Hangzhou Shunwang Technology Co Ltd develops and sells Internet entertainment networking platforms. It focuses mainly on internet cafe technology development. It offers IcafeMavin, a software platform for Internet café management; system virtual disk, an operating system solution for diskless Internet cafes; and Game virtual disk, a game virtual service software for Internet cafes, as well as other Internet café integration solutions.

Executives

Li De Hong	Directors, executives
Wu Jian Hua	Executives
Hua Yong	Director
Chen Jian Xiang	Supervisors
Zhang Li	Executives
Fang Jin	Executives
Cai Ying	Securities Affairs Representative
Cheng Chen	Director
Xu Dong	Executives
Yu Qun E	Independent director
Shou Jian Ming	Director
Cao Yi	Executives
Wu Xiao Wei	Executives
Wang Hao	Executives

Hangzhou Shunwang Technology Co (SZSE:300113) Headlines

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